Introhive Raises $1.5 million to Accelerate Go-to-Market Activities

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Build Ventures invests in the growth of Introhive’s enterprise focused, sales intelligence platform

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Introhive is solving real problems that impact tens of thousands of companies and they’re doing it quickly. We were really impressed by the company’s ability to execute.

Introhive today announced a $1.5 million investment from Build Ventures. This new financing adds to the previously raised A round of $1.8 million and earlier seed funding. Build joins other investors including Growthworks Atlantic, NBIF, Fortify Ventures and CIT GAP.

The company will use this new funding to accelerate the success Introhive is having with enterprise customers. The new capital will fund sales team growth, new product development and marketing activities to reach and capture new market share.

“The Introhive team has made incredible progress since founded less than 18 months ago,” said Patrick Keefe, Managing Partner at Build Ventures. “They’re solving real problems that impact tens of thousands of companies and they’re doing it quickly. We were really impressed by the company’s ability to execute.”

Introhive is helping companies find new customers and keep the ones they have with their platform. Introhive uncovers new sales opportunities and creates actionable insights for its customers by analyzing data that they already have. Sales teams are using Introhive to shorten sales cycles and truly understand relationship strength and activity with clients and prospects.

“Every company we talk to is trying to leverage data and analytics in their sales process. We get great feedback on our platform to help them achieve this. ” commented Jody Glidden, Founder and CEO. “Build Ventures experience as entrepreneurs and knowledge of enterprise customers makes them the ideal partner to help us grow.”

The funding news builds on three recent product announcements from Introhive. The company announced integration with the leading CRM platform last week as well as new mobile apps in May and the 2nd evolution of the Introhive platform in April.

About Introhive
Introhive helps companies find new customers and keep the ones they have. We help companies unlock the connections and relationships of their employees to gain warm introductions for sales and measure relationship strength and activity with clients. This results in better customer success and more sales with less prospecting. Introhive is a venture-funded company that was founded in 2012. For more information visit http://www.introhive.com.

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